Publix Acquires Two Florida Shopping Centers for $57 Million

Photo byTampa Bay Times

Publix, Florida’s beloved grocery chain, continues to expand its real estate holdings, having purchased two shopping centers—Woods Walk Plaza in Wellington and Crestwood Square in Royal Palm Beach—for a combined total of $57 million. This acquisition follows similar purchases in recent years, further establishing Publix as a key player in the state’s commercial real estate market.

Woods Walk Plaza: A Prime Wellington Location

Woods Walk Plaza, an 88,000-square-foot shopping center located at 9855 Lake Worth Road in Wellington, sold for $36.23 million or roughly $479 per square foot. Publix acquired the property through its affiliate, Real Sub, adding another significant commercial asset to its portfolio.

Anchored by Publix itself, Woods Walk Plaza is home to a variety of businesses, including Supercuts, Bonefish Grill, China King, Pak n Ship, and Brooklyn Water Bagels.

Crestwood Square: A Convenient Hub in Royal Palm Beach

Crestwood Square, located at 11935 Southern Blvd in Royal Palm Beach, is another recent addition to Publix’s growing portfolio. This 78,000-square-foot shopping center was purchased for $21 million or about $263 per square foot, also by Publix’s affiliate Real Sub.

Like Woods Walk Plaza, Crestwood Square is anchored by Publix and features other popular establishments such as Duffy's Sports Grill, Carvel, a Nail Salon, and Hair Cuttery. The shopping center has also received positive feedback from customers, boasting 4.5 out of 5 stars on Google Reviews.

Publix’s Growing Real Estate Portfolio

This latest acquisition is part of a broader trend of Publix buying out shopping centers across Florida. In recent years, the grocer has purchased several prominent properties, including Ramblewood Square Shopping Center in Coral Springs for $59 million and Davie Shopping Center along with Regency Square at Broward for $83 million. These strategic moves solidify Publix’s position not only as a retail giant but also as a major real estate investor in the state.

By acquiring the shopping centers where its stores are located, Publix gains greater control over its operations while also securing long-term investments in Florida’s thriving commercial real estate market.

As Publix continues to expand its presence across Florida, these acquisitions are seen as part of the company’s strategy to diversify its assets and further cement its role in the state's economy. For local shoppers, the purchases mean a continuation of the reliable service and convenience they have come to expect from Publix, now backed by a growing portfolio of valuable real estate.

With the acquisition of Woods Walk Plaza and Crestwood Square, Publix is demonstrating its commitment to maintaining its foothold in Florida’s retail landscape—both as a grocery chain and a major real estate player.